Daly City Mortgage Broker
Find a Daly City, California (CA) mortgage broker. We have access to several Daly City mortgage lenders who are competing for your business. Let us do the shopping for you.
Daly City, California, just outside of San Francisco, is home to 101,901 residents. It is being reported that Daly City is a very strong sellers market as there are very few houses to choose from – and the few houses on the market are selling quickly! The mean value of a house in Daly City is $335,000.
California Loan Facts
- Community Property State - Since California is a community property state, you must include the liabilities of both the husband and the wife when calculating debt-to-income ratios for a California mortgage. You can still do a loan in one name, however, you must include the liabilities of both the husband and the wife.
- Low Closing Cost State - HUD has determined certain states to be high closing cost states and others to be low closing cost states. California is classified as a low closing cost state due to lower than normal title fees and other closing fees.